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2905 12th Ave, Sheffield, AL 35660

$549,000
  • 2905 12th Ave, Sheffield, AL 35660 Main Photo

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Active
BEDS0 BATHS MLS#529141
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONSheffield NEIGHBORHOODSheffield

Property Description

Investor opportunity to pick up the project where the current owner left off. This multifamily/townhome redevelopment has already seen major improvements completed, including 18 renovated townhome-style units with new windows, roofs, flooring, walls, paint, efficiency-style kitchen sinks, hot water heaters, and studio layouts featuring private showers, toilets, and closets.Property has been rezoned for multifamily/townhome use, and each unit sits on its own permanent foundation. New utilities have been installed allowing each unit to have separate meters. Additional large space on-site offers flexibility for an office, community room, or future laundry facility. Add some attractive landscaping and complete the final touches to maximize the property's potential.Excellent opportunity for strong ROI and high cap rates. Contact listing agent for proforma details and renovation specifics. Property is priced for a quick sale. Property sold as-is. Buyer to verify all information.

2905 12th Ave | MLS# 529141

This multi-family property located at 2905 12th Ave, Sheffield, AL 35660 is currently listed for sale with an asking price of $549,000. Search Sheffield real estate on www.clcommercialrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Lot Size: 1.32 Acres
Stories: 1.0
Taxes: $403

Feature Descriptions

Built Before 1978 Y/N: No
City Limits Y/N: Yes
Days on Site: 13
Financing Options: 1031 Exchange, Cash, Conventional
Frontage: 300
Lot Dimensions: 300 x 192
Multiple Level Y/N: No
Parcel Number: 07-09-29-4-007-001.000
Sewer: Public Sewer
Tenancy: Multiple Tenants
Units: 18
Zoning: M1

Local Schools

High School: Sheffield
Middle School: Sheffield
Elementary School: Sheffield

Listed By / Shown By

Listed By

Agency Name: MarMac Real Estate - The Shoals

Shown By

Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666

IDX logo

Source: Shoals MLS

Estimate Your Payment

Estimated Payment

$ 1,415.54 per month $1,221.84 Principal & Interest $33.58 Property Tax $160.13 Homeowner's Insurance

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